Senate Majority Leader Chuck Schumer calls for crypto regulation by the end of 2024. 

In what some are calling a reaction to the pro-crypto stances of Donald Trump and RFK Jr., the U.S. Democratic Party hosted a virtual meeting this week titled 'Crypto4Harris.'

The goal?

Paint a more crypto-friendly image for the party previously viewed as skeptics of the industry. (And of course collect campaign donations.) Schumer kicked off the meeting claiming that comprehensive crypto regulation could be in place by the end of the year.

However, with both major political parties now publicly backing crypto, the challenge is no longer gaining support for the industry—it's meeting in the middle on how to support the industry.

Earlier this year, there was hope for a vote on Senator Debbie Stabenow’s bill, which proposed giving the Commodity Futures Trading Commission (CFTC) oversight of the crypto industry.

Unfortunately, the bill failed to gain necessary support in July, and another serious attempt for a vote on the bill is yet to be made.

The consensus among many government officials seems to be that rushing to establish new regulations before the presidential election might create more problems than it solves. One anonymous crypto lobbyist mentioned that both parties might be better positioned to produce meaningful crypto legislation next year, suggesting that waiting until after the election could be our only real shot at significant action being taken.

And while they might be right, as a certified crypto-bag-holder I don't know how much more of this back and forth I can take. 

But surely this is the last time they kick the 'crypto' can down the road... Right?